v3.23.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 11,569 $ 30,876
Accounts receivable, net of allowance of $13,619 and $11,997 as of December 31, 2022, and 2021 37,262 46,918
Inventories 23,906 20,543
Prepaid expenses 1,688 2,737
Advances to suppliers 5,881 5,667
Other current assets 3,702 3,758
Total current assets 84,008 110,499
LONG-TERM ASSETS:    
Long-term trade receivables 20,044 27,710
Deferred tax assets 947 284
Severance pay funds 741 817
Property and equipment, net 1,857 2,669
Operating right-of-use assets, net 5,862 0
Intangible assets 11,919 15,393
Total long-term assets 41,370 46,873
TOTAL ASSETS 125,378 157,372
CURRENT LIABILITIES:    
Trade payables 8,033 8,418
Accrued expenses and other current liabilities 16,667 19,512
Current portion of long-term debt 7,735 0
Income taxes payable 117 294
Unearned interest income 2,397 2,678
Warranty accrual 1,074 1,245
Deferred revenues 1,765 2,030
Operating lease liabilities 1,807 0
Current portion of government assistance loans 0 543
Total current liabilities 39,595 34,720
LONG-TERM LIABILITIES:    
Long-term debt 70,003 77,325
Income tax payable 374 563
Accrued severance pay 867 911
Deferred tax liabilities 0 46
Unearned interest income 957 1,355
Warranty accrual 408 508
Long-term operating lease liabilities 4,221 0
Other long-term liabilities 215 348
Total long-term liabilities 77,045 81,056
TOTAL LIABILITIES 116,640 115,776
Commitments and Contingencies (Note 9)
STOCKHOLDERS’ EQUITY (Note 1):    
Common Stock, $0.0001 par value: 300,000,000 shares authorized as of December 31, 2022 and 2021; 77,125,328 and 63,982,580 issued and outstanding as of December 31, 2022 and 2021, respectively 29 27
Additional paid-in capital 232,169 221,321
Accumulated deficit (224,105) (180,405)
TOTAL STOCKHOLDERS’ EQUITY 8,093 40,943
Non-controlling interests 645 653
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance 8,738 41,596
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 125,378 $ 157,372